DeFI News by Thebittimes.Com

The Ethena price prediction is heading toward the upper boundary of the channel as the price touches the daily high at $1.23. Ethena Prediction Statistics Data: Ethena price now – $1.19 Ethena market cap – $3.57 billion Ethena circulating supply – 2.92 billion Ethena total supply – 15 billion Ethena Coinmarketcap ranking – #46 ENA has shown impressive growth since its all-time low of $0.1953 on September 6, 2024, rising by 504.93%. While its current 24-hour price range fluctuates between $1.11 and $1.23, it has yet to reach its all-time high of $1.52 from April 11, 2024. This price movement highlights ENA’s potential for continued growth, making it an attractive option for early investors who have already seen substantial returns. ENA/USD Market Key Levels: Resistance levels: $1.50, $1.60, $1.70 Support levels: $0.90, $0.80, $0.70 ENAUSD – Daily Chart ENA/USD has shown remarkable strength over the past weekend, emerging as one of ...

The cryptocurrency market is experiencing significant momentum this October, commonly referred to as “Uptober,” as Bitcoin rallies above $71,000. This price level represents its highest point since June 2024 and marks a potential lead-up to a test of its all-time high of $73,500. Several factors are fueling this surge, notably increased investments through Bitcoin-focused ETFs and heightened anticipation around the upcoming U.S. election, which could impact regulatory sentiment. This bullish wave has positively affected other major altcoins as well. Ethena, for instance, has shown an impressive 12% increase in recent days, now trading at $0.3835. The SEI token has also performed well, with an 8.34% increase over the past 24 hours.  This article highlights some of the best crypto to buy right now , driven by a mix of market dynamics, speculative interest, and potential regulatory impacts from significant economic events. Best Crypto to Buy Right Now Recent figures hi...

Rumors of problems with Ethena ’s $2.5 billion so-called stablecoin USDe have been fueled this week by reports that giant exchange ByBit — where Ethena trades some of its assets — is experiencing financial problems, possibly even insolvency . Some claim that the rumors were attributable to a dashboard error at Arkham while others believed them to be true. Observers noted a small amount of exchange outflows relative to ByBit’s total assets. ByBit itself has since refuted any claims of insolvency. Protos reached out to the exchange for comment but at time of publication has not received a response. Over the last seven days, neither the price of Ethena’s proprietary token ENA nor its stablecoin USDe have declined in price. For its part, Ethena claims to hold all of its collateral off-exchange at third-party custodians like Copper or Cobo. Although it clears trades via crypto exchanges, it claims to hold the collateral backing its positions, including ByBit perpetual futur...